Learning and innovation hold the key to survival for brands
Be it education, profession or any other field, constant learning and embracing innovation are the key in changing dynamics, according to academics and business executives.
"We should be ready to accept the rule of change of games. No individual brands are going to survive but strong ones that are innovative in their approach will do," said Dr Mansoor Al Awar, chancellor of Hamdan bin Mohammed Smart University.
"Only with innovation we can survive, so, we tell all our new employees, either innovate or evaporate," Al Awar said while addressing the 'Extraordinary Leadership Summit' hosted by the Institute of Chartered Accountants of India (Dubai chapter) on Saturday.
Keki Mistry, CEO, HDFC, said it has been testing times for CFOs and accountant professionals with the advancement of new technologies.
"The CFO should have the courage to give objective advice even if it is not welcome by the board. The role of a CFO has to be equitable governance. They need to come out of their comfort zones. Every CFO must help CEOs in the early stage to set goals for a company. Don't be short-sighted; you must ensure financial health for a long time, build trust and satisfy a wide basket of shareholders, lenders and customers," Mistry told chartered accountants in his speech.
"Many CFOs have become CEOs because they are more well-informed than others in the organisation."
Among other speakers, Vipul, Consul-General of India; Mahmood Bangara, chairman, ICAI (Dubai chapter); Naveen N.D. Gupta, president, ICAI; Ritesh Agarwal, founder, Oyo Rooms; and Indian actor Prakash Raj participated in the conference.
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